Angela Sahi was appointed CEO of Morguard Corporation on Wednesday as she retained her president role.

The move took effect immediately. Sahi had served as chief operating officer, as well as president, since spring 2024. Before then, she held the title of executive vice-president.

Toronto-based Morguard announced that former CEO Rai Sahi has assumed the role of executive chair.

“Angela’s leadership has been instrumental in shaping Morguard’s strategy and driving operational excellence across the group of companies,” said Rai Sahi. “Her deep knowledge of our business and her ability to connect strategy with execution position her well to lead Morguard into its next chapter. I look forward to supporting her and the leadership team as executive chair.

Morguard said the transition marks the next phase of the company’s planned leadership succession and builds on its 50-year legacy of integrated real estate ownership, management and investment.

“It is an honour to lead Morguard into its next chapter,” said Angela Sahi. “With a talented team, trusted relationships, and a proven platform, we will continue to build on our legacy and deliver long-term value for our stakeholders.”

Morguard’s platform comprises $19 billion in assets owned and under management. The business includes Morguard Corporation, Morguard REIT and Morguard Residential REIT.

Photo: Morguard